Temporary removal of goods permits duty free transfer for specified purposes but triggers duty liability if goods are not returned. SEZ units may temporarily remove goods into the domestic tariff area without payment of duty for specified purposes such as display, export promotion, ... Summary
Temporary removal of goods permits duty free transfer for specified purposes but triggers duty liability if goods are not returned.
SEZ units may temporarily remove goods into the domestic tariff area without payment of duty for specified purposes such as display, export promotion, exhibition, job work, testing, repair, refining and calibration, subject to prescribed conditions; failure to bring back the goods within the prescribed period makes the unit liable to pay the applicable duty on those goods.
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